Government of Canada Plans to Issue US-Dollar Global Bond

From: Department of Finance Canada

News Release

November 6, 2017 – Ottawa, Ontario – Department of Finance Canada

The long-term financial security of Canadians is a cornerstone of the Government of Canada's efforts to help protect the middle class and those working hard to join it.

Today, the Government of Canada announced plans to issue a US-dollar-denominated global bond later this week, subject to market conditions.

Issuing a global bond provides funds to supplement and diversify Canada's foreign exchange reserves for the benefit of Canada's financial position.

Quick Facts

  • Canada holds its foreign exchange reserves in the Exchange Fund Account (EFA).

  • Foreign exchange reserves provide a general source of prudential liquidity and support the promotion of orderly conditions for the Canadian dollar in foreign exchange markets.

  • Funds for the EFA can be raised through cross-currency swaps of Canadian-dollar borrowings, foreign-currency-denominated debt issues and outright purchases of foreign currency.

Contacts

Media may contact:

Chloé Luciani-Girouard
Press Secretary
Office of the Minister of Finance
chloe.luciani-girouard@canada.ca 
613-462-5469

Media Relations
Department of Finance Canada
fin.media-media.fin@canada.ca
613-369-4000

General enquiries

Phone: 613-369-3710
Facsimile: 613-369-4065
TTY: 613-369-3230
E-mail: fin.financepublic-financepublique.fin@canada.ca

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